Buy EPL, target price Rs 225: ICICI Securities

ICICI Securities has buy call on EPL with a target price of Rs 225. The current market price of EPL Ltd. is Rs 161.65.
Time period given by analyst is one year when EPL Ltd. price can reach defined target.

EPL Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 5098.15 Crore) operating in Packaging sector.


EPL Ltd. key Products/Revenue Segments include Laminated Tubes, Royalty Income, Scrap and Export Incentives for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 882.40 Crore, down -.46 % from last quarter Total Income of Rs 886.50 Crore and up 8.51 % from last year same quarter Total Income of Rs 813.20 Crore. Company reported net profit after tax of Rs 50.10 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.91 per cent stake in the company as of 31-Mar-2022, while FIIs owned 14.58 per cent, DIIs 13.92 per cent.